To be honest if the company is going to be in a better position diluting the shares for $45m instead of securing debt with interest then really so be it, that is what the CFO is put in place to work out. In this point in time they now have enough leverage to take on more debt so why wouldn’t they? The CEO is in the exact same position we are in when it comes profiting on the share price. To think smoothy or the board are not thinking how everyone here is thinking would be absurd as they are doing this for money aswell and also for probably many other reasons but money is always a driving factor.
Will taking on debt with interest be more problematic in the long run for the company?
Will KLL repurchase shares down the track once they are in a financially secured position?
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